JANASENA Posted May 4, 2016 Report Share Posted May 4, 2016 The clock has run out on embattled teen retailer Aeropostale, which filed for bankruptcy on Wednesday after losing money for 13 consecutive quarters. The company said it would be closing 113 stores in the United States, in addition to its 41 stories in Canada, as it seeks to "achieve long-term financial stability." Aeropostale listed assets of $354 million in the Chapter 11 filing, while its debts totaled $390 million. The company said it has secured $160 million in financing from Crystal Financial LLC. The retailer said it intends to emerge from bankruptcy withing the next six months after getting rid of or renegotiating "burdensome" contracts and resolving a dispute with former investor Sycamore Partners. At the same time, Aeropostale said it would continue shopping itself to potential buyers. Any sale would be announced within the next six months, the company said. Aeropostale has been under pressure for some time. But sales declines had accelerated recently -- plummeting 16% in the most recent quarter. Even steep discounts could not stop the bleeding. The company, like other moderately priced brands, was rocked by the fast fashion trend. Stars like H&M, Zara and Forever 21 are responding to the latest fashion trends at warp speed, leaving older brands like Banana Republic and American Eagle in the dust. They're also undercutting the older guys on price -- a critical factor for the target audience. In April, the New York Stock Exchange sent word to Aeropostale that it would delist the company due to its low trading price. Quote Link to comment Share on other sites More sharing options...
idibezwada Posted May 4, 2016 Report Share Posted May 4, 2016 daridram vadilipoindi...item brand Quote Link to comment Share on other sites More sharing options...
mastercheif Posted May 4, 2016 Report Share Posted May 4, 2016 pack your bags and jump aa Quote Link to comment Share on other sites More sharing options...
NinduChandurudu Posted May 4, 2016 Report Share Posted May 4, 2016 baagodu... pedda pedda ga rasuntai anniti meedha .. human posters la untam manam Quote Link to comment Share on other sites More sharing options...
Renault Posted May 4, 2016 Report Share Posted May 4, 2016 sports authority, pacsun also closing....... Quote Link to comment Share on other sites More sharing options...
BillMarkSteve Posted May 4, 2016 Report Share Posted May 4, 2016 worst brand ever...cheeeappppp....shiiiittt.... Quote Link to comment Share on other sites More sharing options...
suryausa Posted May 4, 2016 Report Share Posted May 4, 2016 I am not a big fan to this brand poni pothe poni Quote Link to comment Share on other sites More sharing options...
macha Posted May 4, 2016 Report Share Posted May 4, 2016 9 minutes ago, suryausa said: I am not a big fan to this brand poni pothe poni 44 minutes ago, BillMarkSteve said: worst brand ever...cheeeappppp....shiiiittt.... 55 minutes ago, NinduChandurudu said: baagodu... pedda pedda ga rasuntai anniti meedha .. human posters la untam manam 57 minutes ago, idibezwada said: daridram vadilipoindi...item brand odiammaa meru antaa brand gurinchii alochistunaraa.... super ehey... 1 Quote Link to comment Share on other sites More sharing options...
mastercheif Posted May 4, 2016 Report Share Posted May 4, 2016 1 minute ago, macha said: odiammaa meru antaa brand gurinchii alochistunaraa.... super ehey... market m gudsing ani badha ledu janalaki... Quote Link to comment Share on other sites More sharing options...
Rendu Posted May 4, 2016 Report Share Posted May 4, 2016 As long as the product works for me......aath care about brand Quote Link to comment Share on other sites More sharing options...
suryausa Posted May 4, 2016 Report Share Posted May 4, 2016 2 minutes ago, Rendu said: As long as the product works for me......aath care about brand +1 manaki suit avvanappudu $20000 ayina waste Quote Link to comment Share on other sites More sharing options...
aragorn Posted May 4, 2016 Report Share Posted May 4, 2016 okapudu sony now edhi desi fav brands add apple to that in the future Quote Link to comment Share on other sites More sharing options...
aragorn Posted May 4, 2016 Report Share Posted May 4, 2016 8 minutes ago, Rendu said: As long as the product works for me......aath care about brand +9999 Quote Link to comment Share on other sites More sharing options...
Feelingbad Posted May 4, 2016 Report Share Posted May 4, 2016 Its chapter 11 bankruptcy protection... will be in business... Quote Link to comment Share on other sites More sharing options...
idibezwada Posted May 4, 2016 Report Share Posted May 4, 2016 22 minutes ago, macha said: odiammaa meru antaa brand gurinchii alochistunaraa.... super ehey... brand batte kada rajesh batta undedi.. Quote Link to comment Share on other sites More sharing options...
-1.thumb.png.613bdd33b4e8b5f69ac815bf90e62a8b.png)
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.